Bloomberg News

Ackermann Says Private Sector Offers Over 70% on Greek Debt

February 04, 2012

Feb. 4 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said Greek bondholders are offering losses of more than 70 percent of their debt holdings as part of negotiations with the Greek government.

“The private sector is extremely generous in offering a loss over 70 percent,” Ackermann said today in a panel discussion at the Munich Security Conference.

To contact the reporter on this story: Patrick Donahue in Munich at pdonahue1@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net


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